BUZZ-Citi says Australian real estate sector relatively attractive; property firms gain

Reuters
01-06
BUZZ-Citi says Australian real estate sector relatively attractive; property firms gain

** Citi says the Australian real estate sector remains a relatively attractive growth opportunity, reflective of its strong demand-supply fundamentals

** Brokerage says the sector's low development supply is supported by strong underlying consumer demand, driven by a resilient local consumer and growing populations from immigration

** Australia's real estate sector .AXRE up 1.1% on Monday

** Citi anticipates rising investor interest in the sub-sector physical markets in 2025

** Brokerage sees higher corporate activity, supported valuations and growth in funds management platforms in retail real estate

** Sector majors Dexus DXS.AX and Goodman Group GMG.AX up 0.7% and 1.5%, respectively

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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